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tv   Lou Dobbs Tonight  FOX Business  February 27, 2014 10:00pm-11:01pm EST

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no need for a battle between generations. and that is our show. we will see you next week. just learn. lou: good evening, you are looking at russian flag which tonight is flyingver the parliament building. capital of the ukraine a region. flag raised by gunmen who carried rocket pr rocket propel grenade, and sni irrifle -- sniperifs. reports from the ground, that russian fighter jetscreamed on the border during the siege.
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this sign that you are looking at, reads in russian, krimea is russ, they posts these signs all over the city urquidez vein a interim prime minisr. declaring plaque seaerritory has been a will be a part of ukraine, deposed former president victor yanukovich broke his silence, reveals he has fled to russia, sheltering himself from murder charges after riot police killed more than 80 ukrainian citizens last week, insist he's is still the leader of ukraine. yanukovich in statement confirming he asked russia for protect from what he called quote threats of reprisals again he and my fellows, with russian state media conrming that moscow has granted hid request. yanukovich aounced a press conference from southern russia tomorrow, after the interim
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government elected a new government and -- parliament and primeinister today, secretary of state john kerry, seemingly lking back the administration'shreats that have been made over the course of recent days. despit overwhelming edence that russia is indeed meddling in ukraine's affair. statements a statements, words are words, we have all learned th it its actions this follow on choic that make the greatest give ripts. difference, we'll wat careful carefully and hopefully that russia will join inffort to help shore up the economy, pull thountry together and provide a road forward. lou: administration through john kerry's w extending an open handeeking it sounds like a partnershipith the russians, after president obama me is clear thatherewere
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potentially grave consequences awting russia. president himself, has not addressed this crisis since width of last -- wednesday of last week when he issued this waing that then president yich dwrich. > yanukovich there will be consequences if pple step over the line, include making sure ukrainian military dud not step in in whe should be a sit of issues that n be resolved by civil unions. lou: russians taking of the step. @% sending one of its naval ships, to cuba. reports that russian semiship on your screen, is there for surveillance, just over 100 miles fm the united states this picture taken in port of havana late yesterday. our first guest saidhat dodge has demonstrated a -- ama administration has demonstrated a pattern ofppsement of the russians and hd to expect anything but a continuation of
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the trend. joining us randy forbe. >> the president has warned the russias, secretary kerry has warned the russians. as well as ukrainians. you don't think much will come of those wning >> lou, i don't think that you see the russians shaking in their boots. after all the russian told the president to take our missile defense systems out of europe, and preside said yes, sir, and took them out, put them on the back of our navy, and gave the navy no additional asset to do that. now he is cutting asset that navy has, i don't think that the president right now has t credibily necessary to back up many of his statements. lou: and do you have a view as to what likely putin will do in ukraine? >> lou, one thing that we're always afraid of, when you see
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the vacuums then you kno president putin may try t to -- exhibit some of his muse, a react on world react, not u.s. reacted we're hoping he ll be deliberate and not do, that let the ukrainian people work this ou forever themselves, no matter how difficult tt work out might be. lou: i was to turn to the iue of defense spending, andudget cuts, that are being insisted upon our military, and the pentag. you are a champion of our military. you a more concerned than most on capitol hill. about national security, day in and da o. what is y your judent ofhe signifance, impact and result of think about cuts that pentagon now faces? >> shute she mos absolute most expensive thing that america can
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buy today is a cheap arm and cheap navy, that is what i'm afraid this admintration is headed toward they have rolled out massive cuts in this points in time, the president,nd secretary of defense, and said most crucial area in world, where they want to turnoees asia pacific area that so depend on strong navy, what to we find them doing? freeze wrapping, half of our cruiser need, that is our muscle in the navy, and thinking about opping down from 10 carriers to 11, that concerned me the other day to heaear individual that will be second in command. the deputy secretary of defense, to bically s, wean't carry ou the strategy we have, with thisudget. that should be concerns to all of us. lou: and that strategy, times, forgive me, on part of that administration seemsndiscern able is that strategy, can you rational re that strategy with
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the man power that would result from these cuts? >> lou, you can't rationalize any strategy with these manpower cuts, in a wld that is probly more dangerous than any time sce world war ii, we are goin to have the smallest army since world war ii. at a time we need and will need for next decade, a strongavy, and projection forces from navy, we're reducing theumber of shs we have in a time with air power is so important, air force say they may no longer be able to guarantee air dominant in a conflict that concerning, and the curve lines do not get better they get worse. lou: congressm thank you. >> thank you, lou. lou: new report on the nightmare launch of, such a disaster that president obama considered shuts it down two weeks after it bebegan. and -- began and perhaps starting from scratch was the
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plan, a new keys irpoll, 56 pe r poll. senate leader harry reid, called out by republicans, andact checkers for h claim about obamacare. >> despite all that goodews there is horror stories told, all of them are untrue, but they are told. all over america. lou: those comments a few hours later, sort of back peddled by th sene majority leader, this isarry reidort of walking it back. >> i can't say that everyone of he koch brother ads are ally, i
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will say -- a lie, but a vast majority of them are lou: according to whington post, the senate manly leader earn just two pinnochios in that misrepresentation, we're trying to fig out what happened to other two and why, president obama found another way to use his pen andnd phone. at the white house, mr. obama launched a new initiative, dubbed, my brother's keeper to encourage companies to create opportunity for young minory it n, at risk boys were there, in which president said he sees himself in them. >> i didn't have a dad in the house. and was angry about it en though i didn't realize it the time. i made bad choices. i gotigh. without alwayshinking about the harm it could do. did not always take school, i
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made excuses. lou: black unemployment is 12.1%, down slightly from 12.7% when president first took office. >> we're coming right back. stay with us. >> ukraine's uncertain future. ourommander in chief remains se lepts, major general bob scales on the president's leadership. guess who is leading g.o.p. field in latest iowa polls? governor mike huckabee will join us next. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changg ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here...
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and pay no taxes for 10 years. wi new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at we are thinkers. the job jugglers. the up all-nht and the ones who turn ideas into action. we've made our passions our life's wk. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs whstarted it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're re toelp start yours.
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lou: a record day on wall street, dow up 74,&p up 9, closing at all-time record high, nazdaq up 2 and cde oil lost 19 cents on
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the day. gold up $4,. >> yield on 10 year, falling further, down to .64%. -- 2.64%, steers sears stock up more than 6% today. retailer posted tter than expected earnings a nice rprise, and freddie mac will repay the treasury more than $10 billion with total payments now exeding 2008 bailout. and reminder to join us for my fiiancial reports threeimes a day on salem radio network, cot-to-coast for all day's biggest market and news. >> returning to the ukraine. and what is likely to occur there, next. my next guest said that esident putin is flexi his muscles,ust as his predecessors did in kosovo, the
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key is for the new regime in kiev t resis intimdation. general good to have you wit u us. 150,000 russian troops on the border with ukraine. they have the cry me an -- krimmnan ports are filled with russian ships. >> i take my hat off to the ukrainian leadership, they navigated waters that have been stirred up by mr. putin well, resisted anyype of arm react. they are working hard to establish a democratic government, in kiev, they are doing the right thing. they are asking for financial aid from the european union and the united states to get themselves back on their feet,
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fiscally. but in terms of who putin is doing, it is important to understand that krimea vitally importa to russians. sebastopol is oy warm water port they have, we perhaps don't make as much as of domestically as perhaps russian do this is a very emotional issue, for all of the russian people and putin's reputation is at stake. lou: so is the landover which his pipelines run, carrying natul gas t europe, so is the bread basket that is ukraine russian for russia an stomachs.
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>> hard to say, so far, he has not put the hammer down. but remember, now,he russians, as you say have 150,000 troops near the border. they are flying back and forth on the edge of the border with fight are planes. they have reinforced the naval garris in savastapol, putin keeping pushing and pushing trying to get ukrainians to over react, if they do, there is no telling what computeing what putin is capable of union. lou: it seems that europe earn union will notct r ited states, there has been no evidence o any flurry of activity if you will in brussels, or washington. to move aid to the ukrainians. >> yeah, you know, i think the west is hoping that this will
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end with a whimper not a bang, they hope that it will just fade in to obscuty, western media, does not present this crisis pro the rsian stand . which is important here, the russians are all worked uver this, callingrotesters hooligans and nazis. lou: and terrorists. >> and terroris, right. so thank you are a russian watching television, tonight, your view of what is going on in ukrae, is different from wt we see. lou: fundamentally different, whate see is rather opaque. and likely be i'm sure for anher at least several days, general. always good to talk with you. >> thank you, lou. lou: general robert scale, state department's latest travel warning focusing not on travel to dangerousations like syria or ukraine. but on spring breakers, that right, these folks are drawiwing the attendtion of our state
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department, releasing travel tips for the cancun crowd, they may have trouble following some of the instructs however. among them don't over do it alcohol, do not drugs. keep in touch with your parents. all that was missing was a fond good luck. we'll provide that. good luckveryone. planp next. federal resave char janet yellen backs the cbo over the white house on that minimum wage hike issue, and hints that nasty winter weather may have an effect on fed's easing monetary policies, joh john nski is here next, we're coming right
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lou: all day, fox business has been focused onhe business of boomer retirement. a survey shows it is out of reach for far too many americans, 58% of workers, age 60 and older have to put off their retirement. mostly because of financial
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reasons, good newshat down from a pike of 66 percent in 2020. new fed chair yellen testifying before senate banking committee told them central bank wld probably continu to taper while trying to figure out how much research weakness in the economy is because of the see winter weather, market, responding %-poing a new record high, s&p. joining us now. chief enomist from moody's capital, john lonski, janet yellen seems to have slid into her well rarefied chair is doing brilliantly iteems. >> i think she is doing very well. market likes her, up 1% for year-to-date, new record highs. so they are pleased wither performance thus far, it also helps that because of a slower economy, instead of rising as had been expected, that 10-year treasury yield, is down under
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wh 2.65%. lou: and holding in a range, does not seem overly impressed with news in either direct tt might drive the yield, you know either up or down. that is a little bit o a bonus, i don't know that yellen could ve expected? >> i think it comes again as a rprise to most of us, good news heres that housing market needs lower mortgage yields, in a it might be that if thousands does not get on to a -- if housing does not get on to a solid start we could find that 10-year treasury yield moving under 2.5% to get motorrag fort gang yields to a level that are fitting for an american consume that is still hobbled by a sluggish income growth. lou: reality is, without low interest rates, it will beery
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difficult for the housing market to get th the leftt needs. >> you want middle class american into the housing recovery, which is not happening yet. amazing, juary, unit sales of existing homes are down 50% from a year ago -- 5% from a year ago, what youind is that unit sales of existing homes funded with cash, no mortgage money up 12%. thoseales that used some mortgage credit were down 12%. this housing recovery, owes eye lot to foreigners, wealthier americans. lou: and investors rather tha homebuyers. traditional. we also looking at a economy in a market that leaves us scratching ou heads we don't get a sense that economy is strong as many of numbers and reports suggestion. and same time, people are woering why is this market
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where it is? correct. correct that everye agree was here a month ago is now a -- there a been replaced by another conventional wisdom we're in midst of a global economic recovery. happy days are here again. >> you know, goo is, that earnings have exceeded expectations. but not so good, thatusiness sales have come in under expectations. and you know at some points we have to see faster sales growth, if we're going to connue to grow profit, and in turn award off a sell-off of everybody quities. lou: i have to ask you, 'your reaction to this discussion document, many republicans trying to run from dave camp propal call it. your react to it? >> specifically the proposal? lou: camp proposal. start with some things reducing and eliminating dedeckibility
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for state and local income taxes. motor gamortgage interest. >> you have to move in that direct overtime, we have large budget deficits, when we moe out to 2018, baby boomers begin to retire if great numbees. lou: why are the republicans having a har time remembering that it is about reding will le of spending here? why i that difficult in that document that he put out there, in my opinion, could have come from the obama white house. >> mm-hmm, that is -- how do you curb spending overtime, that is politically unpopular there is the problem. when you talk about changing tax code, peoe are not go many are not going to are having happy, if they lose tax deductibility of for municipalonds. lou: i think ts document wil
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reside to the sidelines, at the very best. lou: there is really no escaping retal. >> hunl demands toe made of fedel government not too many years from now. lou: john lonski thank you, we apprecte >> new reports city nationwide are doing away with red light cameras. among concerns about the red lights, what they really amount to, their worth. their invasiveness, what they increase traffic accidents. usage of these cameras has fallen. by 6% since 2012. 7 states now ban them. i think this is alowor right to privacy, and drivers like me. we're coming right back. >> heon the iowa caucus in 2008, golfe governor huckabee
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is leading g.o.p. tre again, will he run or won't he? my comre on w the camp tax reform plan is not a sure fire
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and it has beenactively campaigning in iowa eight years ago. and so it is encouraging. d so it made me feel a little bit better. and how does that mean ther is a convoluted piece of syntax.
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>> that is a setup. it's a real set out. t the fact is that here is the thing. i think we have to wait until the 2014 elections are over before anyone jumps out and says that i'm going to run for something in 2016. so yes, it is encourang. and it's n enough to say that that is eough heard so you better be prepred for when you're actualy jumping in there. at least hope they don't. strictly because they think that this is going to be the most fun i ever had. our country is in a world of hurt and they need to be able to see the hurt from here she can
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do something about getting this country back on track. and those would be tte reason that it was apleasant endeavor. lou: i'm sort of in stock with a propos and it cuts deductibles that are asically part of that given the state of our countr right now. and so what are your thoughts on the timing of this and speaker boehner says you can't trust president ama. so why else would they talk about this being the tax code?
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>> i think laying it on the table, let me put it this way, everyone talks about the weather but no one ever es anything abou it and i've said the same thing about ta reform. and the proposal. you know, it's not all bad. it lowers the rate and it creates a much more simplified tax code. and it cuts the rate so that people have more of their own money to part with and it's always the simplicity of a ax code that would be attracted and there would be some trade-off in getting rid of the deductions. i still think that's the better way to go because it doesn't punish people fo the committee. but i welcome the proposal and
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he's a very serious minded legislator. and it's a good starting point. i commend him for putting something on the table but never actually proposing anything. lou: hillary clinton talked about this with her pulling a couple of years ahead of time. she said she is open to what she called evidence-based changes to obamacare. i thought that was an interesting piece of the language. what are your thoughts? >> well, i would say let me give you some evidence. more people have lost their insurance and have enrolled in obamacare. this thing is so incribly unpopular. the overhelming number of people who hate it are the peop for whom itas intended.
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the uninsured. so i' say tat's pretty good evidence that obamacare neds not justtweaking but to be tossed out on the next trash is trash and we need to not overlook a proposal that actually does something that doesn't hurt thepeople and it does help people who want insurance but can't get it and there's a way to dit that doesn't disrupt the entire health care system of one sixth of the nation's economy. lou: s sure to turn huckabee in fox business at 8:00 p.m. on sundays. coming up next, this photo was tweete and he got a response
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back. why did you leave before my sppech? just curous up next, te president unveiling aplan aimed at helng young african-americans. we have two guests joining us and what will be t effect of in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zoneses across new york state. move here. expand here. or start a new busiss here... and pay taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. findut if your business can qualify at out for drinks, eats. i have very well fittg dentures. i like to eat a lot of fruits. love them all.
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lou: californ's devastating drought pushing cattle futures to a new record as ranchers struggle to push the nation's cattle herd from what is now a 63 year low. the severity of this drought is obvious in these pictues of northern alifornia's lake. on the left, the lake at 97% capacity. on the right, 17 capacity just last month.
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joining us is the a-team. juan williams. great to have you with us. former white house political director, matt. let's start with the obama initiative my brother's keeper. are you impressed? >> i am. i think this is exactly what you should doing. the question should be asked why didn't you do it earlier to what he is saying now is that there has to be so kind of directed effort coming from the white house offering himself as a model of achievement. someone who has been here is a new standard o omething you can aspire to.
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>> it's great news that there's money behindt and there's commitment behind it. i worked on precisely such a program 50 years ago. working with wtnesses and corporations trying to turn hard-core unployed youth. this is a tough battle. >> i think thatality, they are looking at what they can accomplish. to a lot ofyoung people acros this country. he's a great husband and father he has had a six vessel life. and i think it's the rht kind of thing to do when the numbers are w and the big-icket items he wants to take a pass on.
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the one i will just make everyone upchuck here and agree with him as them as well. i think we are all in agreement. the fact of the tter is that this is a very tough and stubborn problem that hasbeen on for over 50 years in this country. and we have to come to terms and i applaud the president in corporate america if they will step up nd deal with this issue. i also want them to have up and boost theircapital spending iivesting trillions of doars that they have overseas to get thatoney repatriated here what we could do in the hands of the private sector in the country. it's time to cut the nonsense. this president has an opportunity o leave and it's time that he does so. in a just, i couldn't agree
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more. users were having a conversation with governor huckabee about tax to one. d i think that the chairman of thehouse ways and means is onto sothing here. why aren't people all over the cotry saying yes, let's do something. why isn't president obama jumping on this thing that this isolitics and a republican plan and even beaker boehner and mitch mcconnell, why are they playing loudon this instead of saying that this is an oprtunity? that plan was scored by the joint taation committee including some of that money to be brought back home that you are talking about. >> could it be because they don'want o commit clinical suicide? >> the reason is we all know it's not happen this year. the peple in washingn are
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realist. as he wn some big legy beside obamacare and i think ronald reagan faced a similaquestion back in 1986 when he decided to move forward with tax reform. it happened because both parties want to do it. democrats saw wealthy americans and soul is a truly bipartisan effort. esident obama has to step up and be involved. it's got som good tings. it's got somead things. but it will not happen the most president obama agrees that this is something that he wants to talk about. >> i guess that i resist instinctively the idea at somethinis so chronic business. they can be vercome by more tax
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money and i hate the implication in that bcause it's been such a miserable failure. i truly believe i truly believe that part of the issue here is immobility of minorities and we have to ask ourselves why this has occurred and why is it tat opportunity there and i'm a including city hall and their leadership o the black churches. they are so entrenched that they are sacrificing their community. >> we have a lot of this functionality right now and i think that the leadership is to blame for it in many ways.
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i think they discourage people to moving to where economic opportunity persists. when you look at people moving to the suburbs, you e thi and wer income peple. and this is something very close to my heart. moveto where the education is functioning. not the interest of the children. >> 30 seconds with the last word here. >> is the first african-american president. he has a uniqueillies. we can't quit. and i think you could have an impact and he's going to chlenge corporate america. >> yes.
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so thank you so mh. thank you. you're welcome. >> up next, my commentary on the dangers of the tax proposal and how those numbersuest that
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lou: let's talk about a republican party that occasionally team hell-bent on screwing up whatever political advantage it can achieve. the big question is why in th world with the house ways and means committee chairman twos this week to unveil a tax reform plan that he says will jumpstart the economy? taxes that right now he says are too high and too complicated and
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he wants to fix that. but we agree with him on oth accounts but not the fixing part and surely he knows that. he and congressman paul ryan who is never shy about talking about budget and taxes inst that it should ive economic growth. they are often talking about corporate taxesand i want to caution you, if i may, the chairman paul ryan. we went back to look at a time when the taxes were not so high. but talking about those bush tax cuts they say that tax payers have an astounding $1.5 illion between 2001 and 2007.
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the economy did not move. let me repeat. e economy did not boom. the economy did not create jobs at this level and didn't keep peace with population growth. actually the bush administration created on average 65,000 jobs per month and this does not include 2008 when the economy went to hack. many republicans are trying to run as fast as they can from the camp proposals and right they ar if the repblican party wanted totart a iscussion as many in the leadership now maintained, they have needed. unfortunately they have done so with insupportae laims and perfectly horrible timing.
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virgin wrote me about our friends in the democratic party. where do they get theirscrewy ideas, she asked. the mmore i listen to you and your logic, the more i realize how much they have on off the deep end things your logic and common sense. and stephen nebraska said i am sickf politicians not answering questions and u. what does the need to hold people accountable and we got nothing an answer. it makes a banana republic look legitimate. is john kerry going to unleash climate chaage on the russians if they don't behave? would love to hear from you. e-mail me, google or facook page and twitter, you will find links to everything.
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your comment could be read right here on tis program. thank you for being with us. that's it for us tonight. we will do tomorrow. good night [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who tn idea into action. we've ma our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs whstarted it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take yourame worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ thers got to be better cards than this.
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neil: 1.6 million cars. thirty-three crashes are the her teen deaths. welcome, everyone, i am neil cavuto. those are the major numbers. here is the most tragic one. that is how long gm s known about a switch problem in the chevy cobalt. ssrious enough to cut ower to all safety systems including airbags. even before that, jim engineers were concerned about potential fatalities from


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